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Chinese Premier vows stronger trade, investment ties with Saudi Arabia

Li Qiang addresses joint committee with Crown Prince Mohammed bin Salman and calls for confidence in China despite headwinds

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Saudi Crown Prince Mohammed bin Salman receives China’s Premier Li Qiang in Riyadh on September 11. Photo: Reuters
Chinese Premier Li Qiang has pledged to strengthen trade and investment with Saudi Arabia in fields ranging from traditional energy and infrastructure to new-energy, technology and the digital economy.
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Li met Crown Prince Mohammed bin Salman in Riyadh on Wednesday during his first trip as premier to the Middle East. He will also visit the United Arab Emirates from Thursday.

“China and Saudi Arabia should further expand the scale of bilateral trade, deepen cooperation in traditional areas such as oil and gas, petrochemicals and infrastructure construction … [while expanding] to new energy, information and communications, digital economy, green economy … and work together to maintain the stability of the global industrial supply chain,” the premier said, according to the official People’s Daily newspaper.

The crown prince largely echoed Li’s call for economic cooperation, while adding that Riyadh and Beijing share a “similar position and take [the] same responsibility” on regional and international affairs. He said Riyadh was willing to cooperate with Beijing on global security, the report said.

Wang Wentao, the Minister of Commerce, and Jin Zhuanglong, the Minister of Industry and Information Technology, also attended the meeting, the Riyadh-based Saudi Press Agency said.

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In addition to the crown prince, the country’s de facto leader, at least nine Saudi ministers attended.

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